Bayer MaterialScience Enters JV With India's Malibu Plastica
FRANKFURT -(Dow Jones)- German pharmaceutical and chemical company Bayer AG (
BAYN.XE) said Wednesday that its Bayer MaterialScience unit has entered into an
agreement with Malibu Plastica Limited, of Ahmedabad, India, to set up a joint
venture that will supply polycarbonate sheets to the Indian market.
MAIN FACTS:
-Malibu Plastica is a pioneer of polycarbonate sheet production in India.
-Subject to the relevant approvals, the new joint venture will be called Bayer
Malibu Polymers Private Limited and be headquartered in Ahmedabad.
-Frankfurt Bureau, Dow Jones Newswires; 49-69-29725-500
(END) Dow Jones Newswires
11-25-090252ET
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